Investors Centre can come in many forms, from the specialized knowledge of financial professionals like financial planners or bankers to more general advice provided by family and friends. In addition, free and low-cost resources such as educational content from banks or brokerage firms and robo-advisors can also help investors manage their investments. Whatever the source, any investor needs to know what qualifications a particular advisor holds and how much they charge for their services.

Some professionals work as fiduciaries, meaning they have a legal obligation to always put their clients’ best interests first. Others follow a commission-based model, where they earn a share of any profits that your portfolio generates. While this structure can be a good option for some, it’s not the best choice for every investor.

Professional Investment Guidance: Insights from Industry Experts

When hiring a fiduciary or broker, do your research to ensure they’re properly licensed and insured. Also, don’t overlook the importance of knowing your fees up front—and be sure to ask whether an advisor operates on a fee-only basis or if they take a share of any profits.

As a consumer, you may need to connect with an investment professional if you have significant income or assets, don’t have enough time to invest on your own or are concerned about making a mistake. Other reasons you may seek out investment advice include a change in your risk tolerance or financial goals, the birth of a child, or an item on your account statement that isn’t clear.